Hudson Securities Has Buy On Nokia (NOK)

Hudson Securities has a Buy rating and a $11 price target on shares of Nokia

after it reported earnings. In a note to clients, Hudson writes, "Nokia is the leading provider of wireless devices with a worldwide market share of 30%+ and strong brand recognition in the International markets. Its collaboration with Microsoft should benefit the company in the longer term. We maintain our Buy rating and $11.00 price target, which is based on 14X our 2012 EPS of $0.80, at the low end of its historical P/E." Shares of NOK are up 25 cents to $8.84, a gain of 2.9% in pre-market trading.